Kinston JC Penney store to close in May

Wednesday

The JCPenney store at Vernon Park Mall is one of 33 stores the slated for closing in early May, according to USA Today online.

The retail giant issued a press release Wednesday afternoon saying they would lay off 2,000 employees at its underperforming stores.

“While it's always difficult to make a business decision that impacts our valued customers and associates,” CEO Myron E. Ullman said in the release, “this important step addresses a strategic priority to improve the profitability of our stores and position JCPenney for future success,” as stated in USA Today’s website.

According to the New York Times website, the closing will result in a savings of about $65 million a year.

The Kinston store is the only JCPenney store in North Carolina in line to close.

Check Friday's edition of The Free Press for more information on this developing story.

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